HSBC Holdings plc (NYSE:HSBC) has been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $9.00.

Several equities research analysts recently issued reports on HSBC shares. ValuEngine raised shares of HSBC from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub raised shares of HSBC from a “sell” rating to a “hold” rating in a research note on Saturday, November 11th. Santander raised shares of HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday. Deutsche Bank reaffirmed a “neutral” rating on shares of HSBC in a research note on Friday. Finally, UBS Group reaffirmed a “neutral” rating on shares of HSBC in a research note on Wednesday, November 29th.

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Shares of HSBC (NYSE:HSBC) traded up $0.54 during trading hours on Friday, hitting $51.39. 3,197,360 shares of the company’s stock were exchanged, compared to its average volume of 2,130,000. The firm has a market cap of $204,600.00, a price-to-earnings ratio of 37.51, a P/E/G ratio of 2.32 and a beta of 0.90. HSBC has a 52 week low of $39.63 and a 52 week high of $55.89. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.30.

Several hedge funds have recently added to or reduced their stakes in HSBC. Tower Research Capital LLC TRC lifted its stake in shares of HSBC by 89.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,413 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 1,139 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of HSBC by 1.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 43 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new stake in shares of HSBC in the 3rd quarter valued at $127,000. Bessemer Group Inc. raised its holdings in HSBC by 60.2% in the 4th quarter. Bessemer Group Inc. now owns 2,846 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 1,070 shares during the period. Finally, Zions Bancorporation raised its holdings in HSBC by 374.8% in the 3rd quarter. Zions Bancorporation now owns 3,010 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 2,376 shares during the period. 2.27% of the stock is owned by institutional investors and hedge funds.

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HSBC Company Profile

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.